Gold Catches Its Breath

Gold fell on Monday morning in Asia, recouping some losses after heavy selling during the previous session as US bond yields tumbled.

Gold futures were down 0.03% at $1,767.75, to offset losses after dropping 1.6% on Friday.

The benchmark 10-year US Treasury yields also eased after rising to 1.5904% on Monday. Meanwhile, the dollar, which usually moves in the opposite direction to gold, rose on Monday. However, it is down 0.6% from last week’s high of 20212, capping the yellow metal’s losses.